Post From Dinar UpdatesChat Room Excerpts & Highlights​Dinar Updates Friday PM Chat 7-15-16 david334 says to DIGIman1():i dont know if its negative Ergoden was a bad guy not good for the US or NATO he had his own agenda and it was anti Kurd big timedavid334 says to DIGIman1():and was solidifying himself as a dictator.DIGIman1 says):typical arab mentality...especially those older ones.....the new ones are more westernized...david334 says to DIGIman1():Me to. You know I read an article two days ago saying the army was not happy he was a meglomanic :)Maybe this is bullish for Iraq. They were not that friendly at all. Crazy world. ~~~

IcemanAKASnake says():News says..The turkish Military did state all foreign ties, agreements and treatys will remain in place

david334 says():the US and the Turkish Military are as close as you can get. Its a good thing in my opinion.

IcemanAKASnake says():Stated at !st..it was a faction inside the military..now it seems it IS the military(whole)

JETSET says(it is interesting that the people of turkey don't want an islamist state - sop uch so that they are standing up to the government!

​rcookie says():IT IS IN THEIR CONSTITUTION TO KEEP ISLAM RELIGION OUT OF GOV'T.....magnetlady says():Well lets work to do the same in the good ole USABGG says to rcookie():So - are you saying the military is defending their constitution?rcookie says():CITIZENS ARE STANDING UP TO MILITARY...rcookie says():THEY ARE CALLING A GENERALS COUP....BGG says to rcookie():PreCep hopes they are...BGG says to rcookie():Really - they are just making it easy for the snipers to figure out who the Radical Islamists are...BGG says to rcookie():they are walking down the street chanting "xxxx" - "xxxx"...BGG says to rcookie():doing anything Erdogan - asks you to... in the middle of a coup is a BAD IDEA...BGG says to rcookie():the curious thing is to ask - why is Erdogan asking "the people" to take to the streets?? Read More :http://www.dinarupdates.com/showthread.php?37024-Friday-July-15-2016/page2

Greetings, Jubilee4us here. I was asked to send this to you for posting IN THE NEWSLETTER NOT A BLOG PAGE. I've been a subscriber with Dinarrecaps for many many years. My bro is Vic with the Gate Keepers. Thanks for all you do! These daily newsletters make my day!

Islandg1211 Iraq Updates to share:

Review:

December 2015, LOI with the IMF:
On December 22, 2015 a Letter of Intent was signed between the IMF, CBI, and the Minister of Finance representing the GOI. In that LOI, the IMF laid out objectives for the CBI and the GOI, including stopping their multiple currency practices and moving towards becoming Article VIII compliant. This LOI covered the first half of 2016.

December/Jan: Abadi's Reforms begin
Abadi wanted to reform his government to a technocrat government. He was supported by the Cleric Shistani and the people. Over the winter he moved to get rid of some bad ministers and replace them.

ISIS:
Ramadi was freed in December and Abadi declared that he would free Mosul by the end of the year.

In January, Barzani, the President of Kurdistan, said that it would take six months to plan for the battle to retake Mosul, and then six months at least for the actual battle. He said that he would need money from the U.S. and coalition nations along with weapons. He said he also would need a plan of who would govern Mosul post invasion. (CNN interview Jan. 2016) sources in the Pentagon have also referred to freeing Mosul "by the end of the year."

April 2016, UST:
In April, the CBI and MOF (Minister of Finance) met in Washington D.C. with Jack Lew, the U.S. Sec. Of Treasury. After those meetings, Jack Lew proposed an umbrella plan for Iraq, that even included the possibility of the UST co-signing Iraq's loans.

April 2016: Chaos in the GOI:
Abadi's reforms were challenged, the people protested, and chaos ensued. Two lawsuits were filed. This brought the Parliament to a complete halt.

May 2016: IMF/WB Umbrella Loan Package:
The CBI met with the IMF and the WB. Progress on their December LOI was reviewed, loans and the conditions for the loans were discussed, the possible bond sales and possible improved credit ratings were discussed. The IMF finalized their loans and their requirements of Iraq.

One of the non-negotiable requirements by the IMF was that Iraq had to cut their 2016 Budget. They even assisted with suggesting where to cut. The IMF also wanted other things, such as Iraq paying their back pay, debt to oil contractors, and the Paris Club payments.

June 2016:
Iraq's COM (Abadi's Council of Ministers) did meet and did approve of the IMF's agreement. However, the appointment of some of those Ministers was legally challenged by a lawsuit filed with the courts and was pending a ruling. Abadi went against the advice of the U.S. by liberating Fallujah first in June.

The GOI was on vacation during Ramadan and they were awaiting a court ruling. The court finally ruled in July, finding that the Ministers were not properly voted for approval nor was Jobouri's sacking vote legitimate. June was still productive in that many of the IMF's loan requirements were met, such payments and agreements to delay the Paris Club debt payments.

June/July: LOI
A new LOI was signed by the IMF, CBI, and MOF. It covers the next three years. This LOI again states that Iraq will move towards becoming Article VIII compliant and cut out the multiple currencies practices.

This LOI also includes the "First Step" of either the GOI passing the Investment Law OR the CBI issuing new regulations.

The LOI also states that the "weekly" (not daily) Auctions would require new CBI regulations requiring proof of why you need USD by the end of the year.

July, Kurds Military MOU:
There was never going to be a battle to free Mosul without an agreement with Barzani. Last week the U.S. and the Kurds agreed that the US would arm the Kurds, pay for their Army and then some. Barzani got what he wanted. He's now stating that 50,000 Kurds will fight in Mosul. If that number is anywhere accurate, good bye ISIS, Hello Mosul being apart of Kurdistan. Keep in mind that Barzani refuses to abide by his term limits and leave office and that he's the biggest cheerleader for having Kurdistan be its own country.

July: US Sending in more troops:
Obama pulled out of Iraq and is now mission creeping back in. A key airbase was taken last week that the will be used for staging. ISIS leadership continues to be targeted by the U.S.

July UN:
UN Sec KB Moon reviewed Iraq on Friday and stated that he's pleased with Iraq's efforts to find Kuwait's dead bodies but not the results.

The UNSC placed Iraq in Chapter 7 sanctions, then lifted that restriction back in June 2012. However, there are still open files such as the Paris Debt payments, finding and returning Kuwait's stolen property and their dead soldiers, and Iraq becoming Article VIII compliant. These are things that the UN still wants Iraq to get done and they keep tabs on Iraq's progress